Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) just unveiled an update.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing on-market buy-back program. As of February 27, 2025, the company has bought back a total of 5,056,813 ordinary fully paid securities, with an additional 38,284 securities repurchased on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and providing a more efficient capital structure.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited operates in the investment industry, focusing on managing a diversified portfolio of Australian equities. The company aims to provide shareholders with attractive investment returns through capital growth and increasing fully franked dividends.
Technical Sentiment Consensus Rating: Buy
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